Chad Mackland – Financial Advisor/Broker Mackland Barred from Securities Industry | Goodman & Nekvasil P.A. May Recover Investor Losses
Chad Mackland is a previously licensed financial advisor/broker with Lion Street Financial LLC.
According to FINRA, Chad Mackland was barred from the securities industry in March 2021.
According to FINRA:
FINRA Rule 3210(x)(1) states, in relevant part, that FINRA has the right to “require a -member, person associated with a member. or ally other person subject to FINRA’s jurisdiction to provide information orally. in writing, or electronically . . . with respect to any matter involved in the investigation, complaint, examination or proceeding.” FINRA Rule 8210(c) states that. Injo member or person shall fail to provide information. Or testimony or to permit inspection and copying of books. records, or accounts pursuant to this Rule.” A violation of FINRA Rule 8210 k also a violation of FINRA Rule 2010. which requires associated persons to observe high. standards of commercial honor and just and equitable principles of trade.
On January 27. 2021, FINRA sent a request to Mackland for the production of information and documents pursuant to FINRA Rule 8210 in connection with the criminal charges pending against Mackland, including alleged theft and fraudulent sales practices. Mackland’s response was due on or before February 10, 2021. On February 4. 202 I. Mackland, through his counsel, requested and was granted an extension of time to provide the information and documents until February 24, 2021. As stated during his counsel’s phone call with FINRA on February 23, 2021. and by this agreement, Mackland acknowledges that he received FINRA’s request and will not produce the information and documents requested. By refusing to produce the information and documents as requested pursuant to FINRA Rule 8210. Respondent violated FINRA Rules 8210 and 2010.
Goodman & Nekvasil, P.A. May Recover Investor Losses
If you lost any money on investments with Chad Mackland, you may be able to recover your losses. If you lost money on investments with Chad Mackland and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Chad Mackland’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
Goodman & Nekvasil, P.A. has recovered more than $200 million on behalf of victimized investors. If you lost money on investments with Chad Mackland and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 3/24/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.